BGSF

MKT CAP:$71M

BGSF, Inc.

Market Cap

$71M

Industrials·Staffing & Employment Services·🇺🇸 United States·NYSE

Industrials·Staffing·🇺🇸·NYSE

Stock Price

$6.44+$1.77 (+37.90%)

Apr 23, 2026

Company Details

BGSF, Inc. provides workforce solutions and placement services in the United States. It operates in two segments, Real Estate and Professional. The Real Estate segment offers office and maintenance field talent to various apartment communit...

CEO

Kelly Brown

IPO Date

Apr 29, 2014

Website

bgsf.com

Key Metrics TTM

Revenue

$176M

-43.8% YoY

Net Income

-$4M

EPS (Diluted)

-$0.26

Free Cash Flow

$12M

Revenue / Share

$15.88

Gross Margin

33.4%

Operating Margin

-1.9%

Net Margin

-2.1%

FCF Margin

7.1%

P/S

0.4x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Mar 11, 2026

$93M-65.8%EPS -$0.70

Q4 2025

Mar 11, 2026

-$20M-131.6%EPS -$0.03

Q1 2025

May 7, 2025

$63M-8.0%EPS -$0.07

FY 2024

Mar 14, 2025

$272M-13.0%EPS -$0.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$72M	$19M	$4M
Q1 20	$74M	$20M	$3M
Q2 20	$63M	$17M	-$6M
Q3 20	$72M	$20M	$4M
Q4 20	$70M	$19M	$3M
Q2 21	$57M	$19M	$3M
Q2 22	$74M	$25M	$4M
Q3 22	$79M	$28M	$6M
Q1 23	$75M	$27M	-$21M
Q2 23	$81M	$30M	$5M
Q3 23	$83M	$30M	$5M
Q4 23	$74M	$25M	$3M
Q1 24	$69M	$23M	$415.0K
Q4 24	$64M	$21M	$246.0K
Q1 25	$63M	$21M	$339.0K
Q4 25	-$20M	-$7M	-$4M

Valuation

Quarter	P/S	P/E
Q4 19	0.2x	5.4x
Q1 20	0.2x	5.8x
Q2 20	0.2x	19.7x
Q3 20	0.3x	36.0x
Q4 20	0.3x	49.4x
Q2 21	0.3x	21.0x
Q2 22	0.3x	6.2x
Q3 22	0.3x	5.3x
Q1 23	0.2x	—
Q2 23	0.2x	—
Q3 23	0.2x	—
Q4 23	0.2x	—
Q1 24	0.2x	13.1x
Q4 24	0.2x	38.1x
Q1 25	0.3x	—
Q4 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$4M	$3M
Q1 20	$7M	$6M
Q2 20	$8M	$8M
Q3 20	$3M	$3M
Q4 20	$4M	$4M
Q2 21	-$172.3K	-$708.4K
Q2 22	-$671.1K	-$2M
Q3 22	-$7M	-$8M
Q1 23	$4M	$3M
Q2 23	$12M	$12M
Q3 23	$3M	$2M
Q4 23	$5M	$5M
Q1 24	$7M	$7M
Q4 24	$3M	$3M
Q1 25	$1M	$1M
Q4 25	$2M	$2M

Capital Expenditures

Quarter	CapEx
Q4 19	$695.5K
Q1 20	$1M
Q2 20	$847.3K
Q3 20	$63.2K
Q4 20	$184.8K
Q2 21	$536.1K
Q2 22	$1M
Q3 22	$1M
Q1 23	$745.0K
Q2 23	$745.0K
Q3 23	$529.0K
Q4 23	$578.0K
Q1 24	$494.0K
Q4 24	$270.0K
Q1 25	$23.0K
Q4 25	$16.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	+0.4%	+4.1%
Q1 20	+7.7%	+9.5%
Q2 20	-15.2%	+0.4%
Q3 20	-9.9%	-6.9%
Q4 20	-3.6%	-2.6%
Q2 21	-22.5%	-24.3%
Q2 22	+18.3%	+1.7%
Q3 22	+9.8%	+6.1%
Q1 23	+8.1%	+44.7%
Q2 23	+40.8%	+40.0%
Q3 23	+12.7%	+12.0%
Q4 23	-6.3%	-2.4%
Q1 24	-8.7%	-28.8%
Q4 24	-20.3%	-15.3%
Q1 25	-24.3%	-19.6%
Q4 25	-127.6%	-122.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$0	0.0%
Q1 20	$192.9K	0.3%
Q2 20	$193.1K	0.3%
Q3 20	$244.6K	0.3%
Q4 20	$218.9K	0.3%
Q2 21	$215.0K	0.4%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$361.0K	0.5%
Q2 23	$0	0.0%
Q3 23	$408.0K	0.5%
Q4 23	$185.0K	0.3%
Q1 24	$235.0K	0.3%
Q4 24	$201.0K	0.3%
Q1 25	$186.0K	0.3%
Q4 25	$0	—

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 19	$12M	$2M	—
Q4 20	—	—	$15M
Q3 22	$20M	$485.0K	—
Q1 23	$23M	$594.0K	—
Q3 23	$22M	$528.0K	—
Q4 23	$20M	$384.0K	—
Q1 24	$20M	$392.0K	—
Q4 24	$20M	$477.0K	—
Q1 25	$18M	$496.0K	—
Q4 25	$6M	—	—

Revenue Segments

Quarter	Light Industrial	Professional Staffing Segment	Real Estate Segment
Q1 20	$18M	$36M	$20M
Q2 20	$14M	$37M	$12M
Q3 20	$18M	$34M	$19M
Q2 22	—	$44M	$30M
Q3 22	—	$45M	$33M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$0	$0	$0
Q2 22	$44.5K	$0	$44.5K
Q3 22	$0	$0	$0
Q4 22	$0	$0	$0
Q1 23	$70.0K	$0	$70.0K
Q2 23	$660.0K	$0	$660.0K
Q3 23	$0	$0	$0
Q4 23	$0	$0	$0
Q1 24	$50.0K	$0	$50.0K
Q2 24	$226.0K	$0	$226.0K
Q3 24	$262.0K	$0	$262.0K
Q4 24	$353.0K	$0	$353.0K
Q1 25	$2M	$0	$2M
Q2 25	$3M	$0	$3M
Q3 25	$41M	$0	$41M
Q4 25	$19M	$0	$19M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	10M	+0.3%	-0.3%
Q1 20	10M	+0.1%	-0.2%
Q2 20	10M	-0.7%	-0.5%
Q3 20	10M	+0.2%	-0.2%
Q4 20	10M	+0.7%	+0.2%
Q2 21	10M	-0.0%	+0.1%
Q2 22	11M	+1.2%	+2.0%
Q3 22	11M	+0.2%	+2.0%
Q1 23	11M	+1.7%	+3.1%
Q2 23	11M	+0.5%	+3.6%
Q3 23	11M	+0.3%	+2.7%
Q4 23	11M	+0.8%	+3.4%
Q1 24	11M	-0.5%	+1.1%
Q4 24	11M	+1.0%	+1.6%
Q1 25	11M	+0.1%	+1.4%
Q4 25	11M	+1.2%	+1.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$168.2K	430
Q1 20	$172.2K	430
Q2 20	$145.6K	430
Q3 20	$166.3K	430
Q4 20	$174.2K	400
Q2 21	$143.5K	400
Q2 22	$185.2K	400
Q3 22	$196.3K	400
Q1 23	$139.5K	540
Q2 23	$149.6K	540
Q3 23	$154.6K	540
Q4 23	$155.2K	474
Q1 24	$145.1K	474
Q4 24	$159.0K	405
Q1 25	$156.1K	405
Q4 25	-$50.2K	405

Revenue / Employee